The Tax Audit – What do you need to know?
It is getting close to the dreaded federal tax filing deadline of April 15, and of course one is about (if not already) to file his/her annual personal tax return for the 2014 tax year, and of course one is…
The Loss
Picking from what was discussed in the last blog, that when someone sells a property and/or an asset, there could be a gain on the sale, where one would pay taxes on (not on the selling price), and gain is…
The extender
Of course we are not discussing extending a tax return (it is either too late for 2013, and/or too early for 2014), but in one of Congress’s final acts before it adjourned for the year is to extended certain tax…
Gambling with taxes
So you decided during 2014 you would take a nice holiday to a resort casino for some relaxation and enjoyment. While on holiday you part take in some gambling activities, (e.g. blackjack, the wheel of fortune, craps, poker, etc.), and…
Foreign Disclosures
So if a person is a United States citizen (or resident alien) and he/she own some investment-type assets and/or investment-type accounts outside the United States, which does not produce any interest, dividends, rental, and/or any other income stream, does this…
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